Skip to content
Tagged Credit card Loan documents required for Personal Loan Personal Loan documents Personal Loan eligibility
Financial Terms
2023-03-24
  • Home
  • Finance
    • Accounting
  • Credit
    • Credit Counseling
    • Debt Consolidation
  • Investing
    • Currency Trading
  • Loans
    • Mortgage
  • Insurance
  • Blog
  • Contact Us

Most Viewed This Week

2023-03-21

How to stop practising bad options trading habits

1
2022-11-03

Purpose and Components of Form 16

2
2022-08-212022-08-24

Best Business Credit Cards For Small Businesses With No Credit History

3
2022-08-13

Global Solution review  – A high-ranking option for online trading?

4
2022-08-01

Advantages of Family Travel Insurance

5
2022-08-01

What To Know About Travel Insurance: Pre-Existing Condition Coverage

6

Search Field

Subscribe Now

  • Home
  • Home
  • What are the Personal Loan documents needed during the application?

Proven Ways of Recovering the Wealth Lost in Online Scams

Vechain Price Prediction 2021

  • Home

What are the Personal Loan documents needed during the application?

Margaret H. Leite 2021-04-212021-08-30

For meeting any of your financial needs, banks and non-banking financial companies offer one of the best and flexible loans in the market, Personal Loans. There are many reasons why this loan enjoys such popularity among people.  It is an unsecured loan, which lenders require no security. These loans are unconditional, i.e., you can use the funds for any purpose that includes wedding expenses, medical treatment, travel, or any purchases.

Personal loans can also be used to pay off existing equated monthly instalments and other debts with higher interest rates. However, specific negative uses of funds like illegal or criminal activities are prohibited across the board by all the lenders. The major reason why the loan is popular is owing to its simple documentation process. Simple Know Your Customer (KYC) Personal Loan documents and income proofs are enough for the lender.

You can apply both online and offline. Once the lender processes the loan application, the funds get disbursed into your Bank Account.

Documentation:

Some of the standard documents required for Personal Loan for a salaried employee are:

  • Duly filled application form
  • Passport size photographs
  • ID proofs like Passport, Voter ID, Aadhaar Card, PAN Card, Driving License, passbook attested by the bank manager, ID card issued by your organization, ID card from your university
  • Resident proofs such as Passport, Ration Card, Aadhaar Card, utility bills, property tax receipt, Home Loan agreement, rental agreement
  • Signature proof includes Passport, PAN Card, cancelled cheque, bank verification letter
  • Age proofs consist of Passport, Voter ID, school leaving certificate or any other documentation
  • Salary slips of the last three or six months
  • Form 16 for the previous three years
  • ITR for the last three years
  • Bank statement for the previous six months
  • Copy of ID card provided by both Central and State Government, Defence etc.

Some of the standard Personal Loan documents concerning independent professionals are:

  • Duly filled application form
  • Passport size photographs
  • ID proofs like Passport, Voter ID, Aadhaar Card, PAN Card, Driving License, business ID
  • Resident address proofs such as Passport, Ration Card, Aadhaar Card, utility bills, property tax receipt, Business Loan agreement, rental agreement
  • Signature proofs include Passport, PAN Card, signed cancelled cheque verified by the bank
  • Age proofs consist of Passport, Voter ID, school leaving certificate or any other documentation
  • Balance Sheet and Profit and Loss statement for the past two or three years
  • Audited financial statements if required as the case may be
  • Proof of business continuity
  • Office address proofs include rent agreement or purchase documents
  • Bank statement for the past six months
  • Income Tax Returns of last three years

These, along with Personal Loan eligibility, are important for the loan to get approved instantly.

Tagged documents required for Personal Loan Personal Loan documents Personal Loan eligibility

Advertisement

Search

Recent Posts

  • How to stop practising bad options trading habits
  • Purpose and Components of Form 16
  • Best Business Credit Cards For Small Businesses With No Credit History
  • Global Solution review  – A high-ranking option for online trading?
  • Advantages of Family Travel Insurance

Categories

  • Accounting
  • Credit
  • Credit Counseling
  • Currency Trading
  • Debt Consolidation
  • Finance
  • Home
  • Insurance
  • Investing
  • Loans
Next Post
  • Finance

Vechain Price Prediction 2021

WebEditor 2021-04-27

The cryptocurrency market is getting more and more competitive. So this has an effect on Vechain. Vechain is one of the oldest cryptocurrency projects. In 2021, many predictions have emerged regarding the value of Vechain for this year. Many experts’ express opinions based on the technical analysis they have conducted. Vechain Value Technical Analysis To […]

Related Post

  • Home

Vera’s Bond Analysis Pilot Introduces “Capability To Pay” Calculator

WebEditor 2020-11-152021-04-06

After that, Toggl is a suit for you. Then you must recognize exactly how much your web pay will increase if you are assuming of using for a new task or even promo. It’s hard to determine what your net pay will certainly be. Nevertheless, it will certainly be better except the normal workplace regimen […]

  • Home

Understand a Writing Assignment

WebEditor 2019-03-272021-04-06

To effectively solve a writing task it is essential to understand the problem that this task poses to the writer. This means that in front of any work slogan the writer needs to analyze the variables involved in that task in order to strategically direct the composition process in order to solve that problem in […]

Breaking News

How to stop practising bad options trading habits

Purpose and Components of Form 16

Best Business Credit Cards For Small Businesses With No Credit History

Global Solution review  – A high-ranking option for online trading?

Advantages of Family Travel Insurance

What To Know About Travel Insurance: Pre-Existing Condition Coverage

Forbrukslån – Top Nine Reasons to Get a Consumer Loan

Quick Links

  • Home
  • Blog
  • Contact Us
  • Sitemap

Recent Posts

  • How to stop practising bad options trading habits
  • Purpose and Components of Form 16
  • Best Business Credit Cards For Small Businesses With No Credit History
  • Global Solution review  – A high-ranking option for online trading?
  • Advantages of Family Travel Insurance

Email Newsletter

Loading
  • Home
  • Blog
  • Contact Us
  • Sitemap
Copyright © 2023 Financial Terms. All rights reserved. | Theme: Blook By Themeinwp. | Powered by WordPress